👉👉👉 #PhishingScams thefts on Base are up 1900% from January — #scam Sniffer
Phishing scams on Ethereum #Layer2 platform Base have skyrocketed nearly 1900% since January, coinciding with a significant rise in total value locked on the network.
Recent data reveals that Base experienced an 18-fold increase in cryptocurrency funds lost to phishing scams in March compared to January figures. According to blockchain anti-scam platform Scam Sniffer, approximately $3.35 million was pilfered from victims of phishing scams on Base in March alone.
This surge represents a substantial 334% month-on-month jump from February, which saw losses of $773,900, and an astounding 1,880% spike from January's $169,000 losses, as reported by monthly Dune Analytics data compiled by Scam Sniffer.
Notably, Binance's BNB Chain also witnessed a similar surge in phishing scams during March, according to Scam Sniffer. Across all chains, approximately $71.5 million was lost to phishing scammers from 77,529 victims in March, surpassing January and February tallies of $58.3 million and $46.8 million, respectively.
Scam Sniffer highlighted fake X accounts as a prevalent tactic, detecting over 1,500 incidents in March alone. This rise in Base phishing scams coincides with a surge in memecoin activity on the platform, propelling Base's total value locked to over $3.2 billion, marking a 370% increase in 2024 so far, according to L2BEAT.
Despite the increase in phishing scams, crypto hack thefts decreased by 48% to $187.2 million in March, as reported by blockchain security firm PeckShield.
Source - cointelegraph.com